Skip to content
Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Sam Fender Olivia Dean break UK chart record with Rein Me In after 16 weeks at No. 1.
    Videos

    Sam Fender, Olivia Dean Break 30-Year UK Chart Record

    July 12, 2026 2 Min Read
    Angry Birds Movie 3 trailer by Paramount animated sequel before December 2026 release
    Videos

    Angry Birds Movie 3 Trailer Sets Dec 23 Release

    June 30, 2026 1 Min Read
    Olivia Wilde Trailer Gregg Araki Thriller I Want Your Sex Trailer Shows Olivia
    Videos

    Olivia Wilde Trailer Shows Gregg Araki Thriller I Want Your Sex Trailer Shows Olivia

    June 11, 2026 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan Navy seeks Rs.15b for fleet modernisation
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Pakistan > Pakistan Navy seeks Rs.15b for fleet modernisation
Pakistan

Pakistan Navy seeks Rs.15b for fleet modernisation

Web Desk
By Web Desk Published March 31, 2015 2 Min Read
Share
SHARE

As part of a massive fleet modernisation plan, the Pakistan Navy is seeking Rs15 billion over the next three years for its needs, a request that the acting naval chief made directly to Finance Minister Ishaq Dar.

Acting Chief of Naval Staff, Vice Admiral Khan Hasham Bin Siddique met the minister yesterday, at the finance ministry, seeking funds to meet the navy’s more urgent needs, as well as future requirements of the naval forces, according to a handout issued by the ministry. The acting naval chief sought over Rs2 billion for meeting immediate requirements and another Rs15 billion for future needs, said an official after the meeting.

The meeting indicates that the Pakistan Navy wants to go for major defence procurements over the next few years, aimed at modernising its fleet. As the smallest of Pakistan’s three armed services, the navy usually gets only one-tenth of the total stated defence budget, with the bulk going to the army. The direct meeting with the finance minister suggests that the navy is keen to get its needs fulfilled.

For his part, the finance minister was supportive of the idea of fleet modernisation, but asked the navy to go through the joint staff headquarters of the armed forces. “The minister directed that a complete picture of Armed Forces Development Plan (AFDP) be presented in consultation with the Joint Staff Head Quarters to assess the budgetary requirements over the next three years,” said the official handout.

However, Dar was also quoted as saying: “If there is a need, the government will not hesitate to help the navy through budgetary support.”

The federal government separately provides funds for the AFDP. This funding is over and above the traditional defense budget and usually ranges between Rs165 billion to Rs200 billion. For the current fiscal year, the government has allocated Rs165 billion under the heading “contingent liabilities”, but is meant for meeting the development needs of the military.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Recent Posts

Field Marshal Syed Asim Munir shaking hands with Turkish President Recep Tayyip Erdoğan.

Asim Munir Turkiye Visit Begins For Defence Talks

Anthony Joshua vs Elvis Prenga boxing match in Saudi Arabia on July 25, 2026.

Joshua vs Prenga Set for July 25 in Saudi Arabia

FIFA World Cup 2026 semi-finals featuring France vs Spain and England vs Argentina.

World Cup Semi-Finals Set France-Spain, Argentina-England

Post Archives

More Popular from Photonews

Syed Mohsin Naqvi meets António Guterres at UN Headquarters
Pakistan

Pakistan Peace Role Praised by UN Chief in New York

2 Min Read
SBP savings deposit rate visual shows Pakistan’s banking sector, deposit growth and digital finance indicators in an infographic-style design.
Business

SBP Savings Deposit Rate Change May Lift Banks’ EPS

2 Min Read
US-Iran deal ends naval blockade as Washington and Tehran prepare for technical talks.
Top NewsWorld

US Iran Peace Deal Faces Gulf Escalation Test

2 Min Read
Pakistan

HEC Illegal Institution Warning Issued for Hafizabad Institute

The Higher Education Commission has declared the Muslim University Institute of Education and Health Sciences in…

July 9, 2026
Sindh

PIA Passenger Dies After Landing in Karachi

KARACHI, Sindh: A PIA passenger died after collapsing in the parking area of Jinnah International Airport…

July 7, 2026
Punjab

Sahiwal Student Suicide Case Registered Against Husband

SAHIWAL, Punjab: Police registered a Sahiwal student suicide case against a woman’s husband after an MS…

July 13, 2026
Business

Meezan Bank Shares Allotted Under Employee Scheme

Meezan Bank Limited allotted 6,541,796 ordinary shares to employees under the Employee Share Options under its…

July 10, 2026
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

    Categories

    • World
    • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir

     

    • Top News
    • Business
    • Entertainment
    • Sports
    • Videos
    • Tech
    • Offbeat
    • Blog
    • About Us
    • Privacy Policy
    • Code of Ethics & Editorial Standards

    © 2026 Phototnews
    All Rights Reserved.

    Welcome Back!

    Sign in to your account

    Lost your password?